Mercantile Bank Dividend Information

Mercantile Bank has an annual dividend of $1.44 per share, with a yield of 3.17%. The dividend is paid every three months and the last ex-dividend date was Dec 6, 2024.

Dividend Yield

3.17%

Annual Dividend

$1.44

Ex-Dividend Date

Dec 6, 2024

Payout Frequency

Quarterly

Payout Ratio

29.03%

Dividend Growth

5.97%

Growth Years

Buyback Yield

-0.81%

Shareholder Yield

2.36%

Dividend History

Ex-Dividend Date	Cash Amount	Declaration Date	Record Date	Pay Date
Dec 6, 2024	$0.360	Oct 10, 2024	Dec 6, 2024	Dec 18, 2024
Sep 6, 2024	$0.360	Jul 11, 2024	Sep 6, 2024	Sep 18, 2024
Jun 7, 2024	$0.350	Apr 11, 2024	Jun 7, 2024	Jun 19, 2024
Feb 29, 2024	$0.350	Jan 11, 2024	Mar 1, 2024	Mar 13, 2024
Nov 30, 2023	$0.340	Oct 12, 2023	Dec 1, 2023	Dec 13, 2023
Aug 31, 2023	$0.340	Jul 13, 2023	Sep 1, 2023	Sep 13, 2023
Jun 1, 2023	$0.330	Apr 13, 2023	Jun 2, 2023	Jun 14, 2023
Mar 2, 2023	$0.330	Jan 12, 2023	Mar 3, 2023	Mar 15, 2023
Dec 1, 2022	$0.320	Oct 13, 2022	Dec 2, 2022	Dec 14, 2022
Sep 1, 2022	$0.320	Jul 14, 2022	Sep 2, 2022	Sep 14, 2022
Jun 2, 2022	$0.310	Apr 14, 2022	Jun 3, 2022	Jun 15, 2022
Mar 3, 2022	$0.310	Jan 18, 2022	Mar 4, 2022	Mar 16, 2022
Dec 2, 2021	$0.300	Oct 19, 2021	Dec 3, 2021	Dec 15, 2021
Sep 2, 2021	$0.300	Jul 20, 2021	Sep 3, 2021	Sep 15, 2021
Jun 3, 2021	$0.290	Apr 15, 2021	Jun 4, 2021	Jun 16, 2021
Mar 4, 2021	$0.290	Jan 19, 2021	Mar 5, 2021	Mar 17, 2021
Dec 3, 2020	$0.280	Oct 15, 2020	Dec 4, 2020	Dec 16, 2020
Sep 3, 2020	$0.280	Jul 16, 2020	Sep 4, 2020	Sep 16, 2020
Jun 4, 2020	$0.280	Apr 16, 2020	Jun 5, 2020	Jun 17, 2020
Mar 5, 2020	$0.280	Jan 16, 2020	Mar 6, 2020	Mar 18, 2020
Dec 5, 2019	$0.270	Oct 10, 2019	Dec 6, 2019	Dec 18, 2019
Sep 5, 2019	$0.270	Jul 11, 2019	Sep 6, 2019	Sep 18, 2019
Jun 6, 2019	$0.260	Apr 11, 2019	Jun 7, 2019	Jun 19, 2019
Mar 7, 2019	$0.260	Jan 22, 2019	Mar 8, 2019	Mar 20, 2019
Dec 6, 2018	$1.000	Oct 11, 2018	Dec 7, 2018	Dec 19, 2018
Sep 6, 2018	$0.240	Jul 12, 2018	Sep 7, 2018	Sep 19, 2018
Jun 7, 2018	$0.220	Apr 12, 2018	Jun 8, 2018	Jun 20, 2018
Mar 8, 2018	$0.220	Jan 11, 2018	Mar 9, 2018	Mar 21, 2018
Dec 7, 2017	$0.190	Oct 17, 2017	Dec 8, 2017	Dec 20, 2017
Sep 7, 2017	$0.190	Jul 13, 2017	Sep 8, 2017	Sep 20, 2017
Jun 7, 2017	$0.180	n/a	Jun 9, 2017	Jun 21, 2017
Mar 8, 2017	$0.180	Jan 17, 2017	Mar 10, 2017	Mar 22, 2017
Dec 7, 2016	$0.670	Oct 13, 2016	Dec 9, 2016	Dec 21, 2016
Sep 7, 2016	$0.170	Jul 14, 2016	Sep 9, 2016	Sep 21, 2016
Jun 8, 2016	$0.160	Apr 19, 2016	Jun 10, 2016	Jun 23, 2016
Mar 9, 2016	$0.160	Jan 19, 2016	Mar 11, 2016	Mar 23, 2016
Dec 9, 2015	$0.150	Oct 20, 2015	Dec 11, 2015	Dec 23, 2015
Sep 9, 2015	$0.150	Jul 21, 2015	Sep 11, 2015	Sep 23, 2015
Jun 10, 2015	$0.140	Apr 16, 2015	Jun 12, 2015	Jun 24, 2015
Mar 11, 2015	$0.140	Jan 20, 2015	Mar 13, 2015	Mar 25, 2015

* Dividend amounts are adjusted for stock splits when applicable.

Dividend Charts

* Charts do not include special dividends that are paid irregularly.